Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (59578)	8/10/2006 6:26:35 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

Let's review the actual number of Defense jobs lost from 1989 to 1995 in California, just in round numbers. The total job loss was 1.8% of all jobs over this six year period. The economic commission in California which studied the actual numbers found a 3.1% job loss when you consider multiplier effects. They also found job growth in other industries, over this same period, was greater than the loss due to defense cut-backs. The "defense cut-backs caused the collapse of the 1989 real estate bubble in California" remains one of my favorite myths.